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Corporate Code of Conduct Act

Introduced: August 2, 2001 See on congress.gov

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Aug 24, 2001

Referred to the Subcommittee on International Monetary Policy and Trade, for a period to be subsequently determined by the Chairman.

Aug 17, 2001

Referred to the Subcommittee on Technology and Procurement Policy.

Aug 2, 2001

Referred to the Committee on International Relations, and in addition to the Committees on Government Reform, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Aug 2, 2001

Introduced in House

Plain-English summary Congressional Research Service

Corporate Code of Conduct Act - Requires any national of the United States that employs more than 20 persons in a foreign country, either directly or through subsidiaries, subcontractors, affiliates, joint ventures, partners, or licensees (including any security forces), to take the necessary steps to implement the Corporate Code of Conduct specified by this Act with respect to the employment of those persons.

States that such Corporate Code of Conduct requires that a U.S. national comply with certain principles regarding fair employment, international human rights, and the environment.

Requires: (1) Federal agency heads to give preference in the award of contracts to entities adopting and enforcing such Code; (2) the Secretary of Commerce to give preference to such entities that are also U.S. exporters with introduction to contacts in foreign countries, and in coordinating trade missions; (3) the Overseas Private Investment Corporation and the Trade and Development Agency to give such entities preference in providing financing and issuing investment insurance, reinsurance, and guaranties under the Foreign Assistance Act of 1961; and (4) the Export-Import Bank to give such entities preference in providing guarantees, insurance, and credit, and in participating in extensions of credit.

Establishes a private right of action to petition the appropriate Federal official to investigate alleged Code compliance violations.

Requires the Secretary of Commerce and others, upon a determination of Code noncompliance, to terminate a contract entered into with the noncomplying entity, and withdraw, suspend, or limit the entity's preference under this Act.

What's happening now August 24, 2001

Referred to the Subcommittee on International Monetary Policy and Trade, for a period to be subsequently determined by the Chairman.

Committees of jurisdiction 5